While forex rates advanced at the end of last week, the trend paused on Saturday apparently due to unexpected political developments and cautious optimism.
The market was relatively stable in the previous week after the Central Bank of Iran tried to restore some calm.
The dollar was quoted at 318,000 rials, down from the historic high of 333,000 rials on June 12.
The greenback rallied in the past two sessions last week buying 320,000 rials on Thursday but retreated to 317,500 rials as of Saturday in Tehran’s unofficial market.
June 26, 2022 00:14
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Dollar, Gold Hold Back in Tehran Market
The greenback rallied in the past two sessions last week buying 320,000 rials on Thursday but retreated to 317,500 rials as of Saturday in Tehran’s unofficial market
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